Momentous day for England’s renters as Tenant Fees Act comes into force

Private renters will no longer have to pay letting agent fees as the Tenant Fees Act comes into force today.

Citizens Advice has called for a ban on fees for a decade, and worked with Parliamentarians across the political spectrum to make sure the Bill was as watertight as possible.

This included closing a “default fees” loophole that could have led to landlords and agents charging fees through the backdoor by adding unfair terms to tenancy agreements.

Citizens Advice also urged legislators to reduce the amount of money required for a deposit from six weeks’ rent to four weeks. The final Bill compromised on a deposit worth five weeks’ rent.

The ban means renters cannot be charged fees for looking around a property, setting up a tenancy – such as for referencing or credit checks, or for check-out.

Visit Citizens Advice to read this article in full

Author: The Muslim Wealth Portal

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